FSA

Flexible Spending Accounts (FSA) are now managed by Optum, both Healthcare and Dependent Care, offer a real advantage to your net income by allowing you to set aside dollars on a pre-tax basis to pay for certain healthcare and daycare expenses. This provides an immediate tax-break and may even give you more take-home money each pay period.

Please make sure you have viewed the difference between Healthcare and Dependent Care FSA accounts. IRS regulations prohibit the refund or transfer of any FSA contributions made, even as a result of associate enrollment error or electing to enroll in the wrong FSA benefit.

Key things to remember:

Please keep in mind that you will not be able to stop or change the amount of your contribution during the year unless you have a qualifying Family Status Change.

A new FSA election is required annually during Open Enrollment in ShawAndMe. If a new election is not made, your FSA participation will be waived.

You may contact Optum regarding your FSA account at 1-800-243-5543 or by email at accountservices@optum.com.